Spain’s jobless claims soar by 60,000 in November

During the month of November, Spain saw its jobless claims rise by just over 60,000 from the previous month according to the Ministry of Labour.

Although the figure is not as bad as the nearly 100,000 jobless claims in October, the 60,000 from November clearly show that the economy is still not creating jobs and the crisis is by all means not over yet.

The Spanish government has desperately tried to restart the Spanish economy, pumping 8 billion euros into its “Plan E” stimulus program, creating around 400,000 mostly low-skilled jobs and has plans to increase this by another 5 billion in 2010 aimed at sustainable long-term growth sectors like renewable energy, environmental tourism as well as new technologies.